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Property profile & analytics
FOR LEASE
Super regional malls
3025 Mchenry Ave Modesto, CA 95350
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US09-2007790
For Lease
1 / 5
$15 SF/Yr
3025 Mchenry Ave, Modesto, CA 95350
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Property summary
AI-generated overview
This exceptional retail opportunity in Modesto, CA, presents three available spaces within the Northgate Village shopping center at 3025 McHenry Ave, situated on a 2.41-acre lot. Built in 1978, the property offers a variety of sizes, ranging from approximately 1,530 square feet to 2,155 square feet, with a minimum divisible space of 2,580 square feet. Currently, 2,580 square feet are vacant. Suite M (approx. 1,530 sq ft) is suitable for office or retail use. Suite G (approx. 1,800 sq ft) is ideal for retail. Suite U (approx. 2,155 sq ft) offers a unique combination of warehouse, storage, and office space. The property is conveniently located near the cross street of Rumble Road and boasts a desirable location in Modesto, CA, zip code 95350. The asking rent is $1.25 per square foot per month, NNN (Net, Net, Net), with specific pricing for Suite U available upon request. This property presents a fantastic chance to establish or expand your business in a thriving Modesto location. Please note that Suite G is currently occupied, and tenants should not be disturbed. Contact us today to learn more about this exciting opportunity.
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1978
Construction
WOOD
Total area
8,720 SF
Lot
2.41 ac (104,979 SF)
APN
055-025-013-000
UPID
US09-2007790
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Hu Ocean H DDS Dental Office
-
Vivian's Airbrush Tanning Tanning Salon
-
Modesto Insurance Center Insurance Agency
-
Christina Rotondo - State Farm Insurance Agent Insurance Agency
-
Dessert European Bakery Bakery Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.28M
Comparable Approach
Comparable
$1.07M
Blend (final)
Blend
$1.73M
Owner & transaction history
Mgb Properties
Mgb Properties
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.8M
+42.5%
Commercial (general)
$2.7M
+34.1%
Apartment house (5+ units)
$2.6M
+27.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Modesto submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Modesto submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,470,000
6.5%
$2,280,000
7%
$2,120,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,995,000
Current use
MEDICAL BUILDING
$2,840,000
Change: +42% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,675,000
Change: +34% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$2,550,000
Change: +28% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,105,000
Change: +6% · Conversion: Difficult
Blend value · Realmo final
$1.73M
Range $1.55M – $1.90M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$198 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$37,613
Tax year 2024
Assessed value
$3,398,198
Assessed 2024
Previous assessed
$3,398,198
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$438,665
Assessed improvement
$2,959,533
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
For Lease
Year built
1978
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Total area
8,720 SF
Lot
2.41 ac (104,979 SF)
APN
055-025-013-000
UPID
US09-2007790
Jurisdiction
STANISLAUS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$2.0M
MEDICAL BUILDING
Est. value
$2.8M
COMMERCIAL (GENERAL)
Est. value
$2.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.6M
INDUSTRIAL (GENERAL)
Est. value
$2.1M
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1978
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Buildings
2
Lot
2.41 ac
Current owner
From public records · entity-resolved
Mgb Properties
Entity
Mailing address
1500 STANDIFORD AVE, MODESTO, CA 95350-0592
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
—
—
Mgb Properties
—
Deed Of Trust
related
$124,411 · Barbara L Mcdowell
—
—
Mgb Properties
—
Deed Of Trust
related
$70,000 · Carolyn M Vollrath
—
—
Mbg Properties
—
Deed Of Trust
related
$550,000 · County Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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